New Home Equity Line of Credit (HELOC) Service for Seniors - PaidOff

Post by: / September 8, 2024

Colorado Home Equity Line Of Credit With Emergency Fund For Seniors Launched

Paidoff™ (303-870-8337), a mortgage company based in Denver and serving the State of Colorado, has a new home equity line of credit (HELOC) service designed for seniors.

Paidoff™ has a new home equity line of credit program for seniors who are looking to pay off their mortgage faster and who want to be sure they will never have to refinance again. This program has been designed to meet the financial needs of seniors, giving them access to an emergency fund and safety from foreclosure.

More information is available at https://www.thepaidoff.com/7-gifts/

Paidoff™ has developed its new 30-year first-lien HELOC program to benefit seniors who still may be paying off their mortgages. The team recognizes that while the homeownership rate for people over 65 is high (around 80%), US Census data reveals that many homes are not owned ‘free and clear’. Only 63% of US seniors own their home outright.

Through their new program, Paidoff™ is confident they can help seniors who are eager to pay off their debt and consolidate their wealth for retirement. The new HELOC program is also for those who want to take out a first-lien HELOC to fund unforeseen costs such as high medical bills.

The ‘7 Gifts’ of the program include automatic access to a 30-year HELOC, a line of credit that can be used for any purpose, an instant emergency fund, investment credits to grow wealth, and 2-5% cash-back rewards on expenditure.

The two other benefits of this home equity line of credit are that seniors can avoid having to refinance again and can be sure they are safe from foreclosure. They can also enjoy the peace of mind that comes from knowing they are both paying their mortgage off Much Faster© and are gaining access to a flexible and large line of credit that can see them through any financial or personal changes. Unlike traditional 15-year, 20-year, or 30-year mortgages, Paidoff™ allows seniors to pay down their principal before paying interest charges.

The founder of Paidoff™, Irina Saveliev, who has become known as Irina the Mortgage Breaker, said, “We are breaking the clock on how fast America is paying off its homes. Say goodbye to the old and inefficient 30, 20, and 15 Year Traditional mortgage. Paidoff™ is the leading mortgage company that specializes in helping you pay off your home Much Faster©. It’s all about time.”

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For more information, visit http://thepaidoff.com